
EUR/USD faces strong resistance at 100-day MA, break above targets 1.1260/1.1300
Sep 02, 2016 09:00 am UTC| Technicals
Majorresistance-1.1208(100-dayMA) Thepairhasmadeahighof1.12070yesterdayandstartedtodeclinefromthatlevel.Itiscurrentlytradingaround1.11885. InthedailychartEUR/USDisfacingstrongresistanceat100-dayMAandfurtherbullish
Sep 02, 2016 08:38 am UTC| Technicals
The pair forms hammer pattern on monthly chart at 78.897 levels amid major bearish trend but this should not be isolated as there is no confirmation, but, yes daily and intraday sentiments have been bullish. Lets just...

FxWirePro: Swedish krona weakens against euro, 9.5993 likely
Sep 02, 2016 08:23 am UTC| Technicals
EUR/SEK is currently trading around 9.5848 levels. It made intraday high at 9.5892 and low at 9.5647 levels. Intraday bias remains bullish till the time pair holds key support at 9.5037 marks. A daily close...

FxWirePro:FTSE100 struggles to break above 200 HMA, good to sell on rallies
Sep 02, 2016 08:17 am UTC| Technicals
Majorresistance6850(200dayMA). Majorsupport6700(trendlinejoining6848and6811). Theindexhasretreatedfromthehighof6852yesterday.Itiscurrentlytradingaround6812. FTSE100isfacingstrongresistanceat6850(200dayMA)anda

FxWirePro: EUR/CAD breaks above major trendline resistance, long dips, target 200-DMA at 1.4762
Sep 02, 2016 07:20 am UTC| Technicals
Symmetric triangle pattern breakout evidenced. EUR/CAD breaks major resistance at 1.4645, bias higher. Pair was rejected at lows by 1.4649, extends upside. Momentum studies are bullish, scope for test of...

FxWirePro:CAD/JPY faces strong support at 78, good to buy on dips
Sep 02, 2016 07:13 am UTC| Technicals
Majorresistance-79.60(trendlinejoining85.51and83.81) Majorsupport-78(21dayMA) CAD/JPYhasslightlyrecoveredfromthelowof78.60.Itiscurrentlytradingaround79.06. Thepairshouldbreakabove79.60forfurtherjumptill8

FxWirePro: USD/TRY jumps above 2.96 mark, consistent break above targets 2.9977
Sep 02, 2016 07:03 am UTC| Technicals
USD/TRY is currently trading at 2.9631 levels. It made intraday high at 2.9655 and low at 2.9586 levels. Intraday bias remains bullish till the time pair holds key support at 2.9481 marks. A sustained close...